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KMO and 
Charles Hugh Smith continue the discussion of Universal Basic Income that started in C-Realm Podcast 522. The "tax the robots to fund UBI" narrative takes for granted that current corporate profits, the things that would actually be taxed, are sustainable in the first place. This view doesn't take into account that corporations use all manner of unacceptable and unsustainable gimmicks to maintain their pricing power in an environment in which commoditized products and production processes continually erode profitability. The UBI fantasy doesn't take into account the tendency of the rate of profit to fall (as the Marxists say). Later, KMO askes Charles if it might be best to just accept UBI because it will accelerate the unraveling of the current economic order.
Charles Hugh Smith continue the discussion of Universal Basic Income that started in C-Realm Podcast 522. The "tax the robots to fund UBI" narrative takes for granted that current corporate profits, the things that would actually be taxed, are sustainable in the first place. This view doesn't take into account that corporations use all manner of unacceptable and unsustainable gimmicks to maintain their pricing power in an environment in which commoditized products and production processes continually erode profitability. The UBI fantasy doesn't take into account the tendency of the rate of profit to fall (as the Marxists say). Later, KMO askes Charles if it might be best to just accept UBI because it will accelerate the unraveling of the current economic order.
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